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Daily Financial Markets Chart Wrap

Highlights: Equities continued yesterday’s late-day wrought throughout the Asian session and into Europe US stocks finished up .5%, but another afternoon selloff erased much of an earlier gain Tech was the standout today, followed by Health Care and Industrial as Energy, Telecom, and Utilities brought up the rear Energy’s initial bounce off of the 8/25 […]

Analysts Haven’t Been this Negative on Emerging Markets Since the Financial Crisis Low in Stock Prices, and that’s Great for Investors!


In simple terms, everyone has moved to the same side of the boat when it comes to expectations about the prospects of emerging market stocks. Not since the financial crisis nadir in stock prices have analysts of EM stocks been so bearish and quick to rerate expectations. Yet, amid all this negativity, there arises a […]

Daily Financial Markets Chart Wrap


Highlights •Equities got a good start to the day with Japan up some 6% overnight, but the momentum faded quickly once US markets opened •US stocks were down 1.4% on the day •The weakness in stocks was driven by Energy, but all sectors were noticeably weak throughout the day, save a mid-day rally attempt by […]

Have We Seen the Emotional Low in EM Stocks?

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We’ve been writing for the last several weeks here, here and here that a good buying opportunity for EM stocks would likely avail itself soon, but that we were not quite at the sentiment lows seen at the other good buying places in 2008 and 2011. We don’t know if we’ve seen the ultimate cycle […]

Unveiling the Key to Mutual Fund Outperformance, and it has Nothing to do with Fees!

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It’s become almost common knowledge these days that the key to building a portfolio of outperforming mutual funds or ETFs is to simply pick the lowest cost option available in the categories to which the investor wants exposure. In this article we’ll offer a slightly different take, that the real key to finding outperforming mutual […]

Did We Just See A Capitulation Low?

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Today was undeniably ugly with the S&P 500 down nearly 4%, the Nikkei down 4.6%, MSCI Europe down 4.7% (although in USD terms the Nikkei was down just 1.7% and MSCI Europe was down just 2.9%). More stunning, however, is the fact that US stocks were down by at least 3% on consecutive days. This is […]

EM Stocks Washout Update


EM stocks as measured by the MSCI EM Index are now down 23% from their April high and 26% from their August 2014 high. The last real emotional low we saw in EM stocks was back in 2011 when the MSCI EM Index fell 29% in four and a half months into September of that […]

How Exposed is Your Developed Markets ETF to Chinese Slowing?

Many investors in ETFs that focus on developed market stocks may be more exposed to slowing Chinese and emerging market growth than they realize. China and other emerging markets have become a larger and larger driver of global growth, but their slowing growth rates affect some economic sectors much more than others. Why is this […]